Ingevity (NGVT) Tops Q4 EPS by 10c, Revenues Miss; Offers Q1 Revenue Guidance Below Consensus
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Ingevity reports preliminary fourth quarter and full year 2019 financial results
February 3, 2020 5:00 AM ESTFOURTH QUARTER
Net sales of $303.4 million were up 8.9% versus the prior year quarters sales of $278.6 million Net income of $44.3 million was up 5.2% versus net income in the prior year quarter of $42.1 million; net income as a percentage of sales of 14.6% was down 50 basis points versus the prior year quarter; diluted earnings per share were $1.05 compared to $0.99 Adjusted earnings of $46.5 million were up 2.6% versus adjusted earnings in the prior year quarter of $45.3 million; diluted adjusted earnings per share were $1.10 versus $1.07 in the prior year quarter Adjusted EBITDA of $91.1 million were up 24.3% compared to... More